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Question 1 of 15.In which of the following scenarios was a proper Section 529 direct...

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Accounting

Question 1 of 15.
In which of the following scenarios was a proper Section 529 direct trustee-to-trustee rollover made?
Noah was born in 2006. His parents Kim and Steve opened a 529 plan for him in 2014. Currently, there is $21,000 in the account. Upon turning 18, Noah has decided not to attend college and is pursuing a career as a professional gamer. In 2024, Kim and Steve roll over $7,000 of the funds into a Roth IRA for Noah.
Neveah attended college for two years, but then decided to drop out of school permanently. She has $24,000 remaining in her 529 plan, which was set up in 2008 by her aunt, Kate. In 2024, Kate rolled over the entire $24,000 into a Roth IRA for Neveah.
Rae and Barry set up a 529 plan for their grandson Hunter in 2009 when he was four years old. Hunter decided not to attend college. There was $42,000 left in the account. In 2024, Rae and Barry rolled over $7,000 in a Roth IRA for Hunter.
In 2023, Ted and Robin contributed $7,000 to a 529 plan they opened for their son Luke (18). In 2024, Luke dropped out of college permanently. Ted and Robin rolled over the $7,000 to a Roth IRA for Luke.

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